INTERVAL INTERNATIONAL SIGNS
EMIRATES VACATION CLUB
LONDON, March 16, 2010 – Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), has announced the affiliation of Emirates Vacation Club, a private residence club in the heart of Dubai, one of the seven emirates of the United Arab Emirates (UAE).
The Emirates Vacation Club’s first phase consists of 32 luxury units located within the 48-story Emirates Grand Hotel. Already a landmark on the skyline of a city renowned for its innovative architecture, the hotel’s Suites Tower has a rotating glass entrance and intricate, hand-crafted wooden wall panels in its soaring lobby. The studio, one- and two-bedroom units feature fully equipped kitchen and dining areas, along with modern conveniences such as high-speed Internet connection, LCD TV, DVD player, and IDD telephone. Most have breathtaking views from their floor- to-ceiling windows.
“Interval International is excited to welcome Emirates Vacation Club to our network of resorts,” said David Clifton, Interval’s managing director for Europe, Middle East, Africa, and Asia. “This stunning urban property is the flagship resort of Emirates Grand, a hotel ownership and management company formed by Dr. Khalid M. Kadfoor Al-Mehairi, a well-respected attorney and resident of the UAE. We look forward to building on our close relationship with the company, as it adds high-quality properties in destinations throughout the Middle East to its portfolio.”
Purchasers of fractional interests or single weeks will enjoy a spectacular range of amenities, including a rooftop swimming pool with panoramic views and an exclusive spa on the 45th floor. Guests can also enjoy a 3,100 square foot (290 square metre) gymnasium, tennis court, and two restaurants and lounges.
In addition to offering a full slate of recreational facilities on site, the resort is located within a two-minute walk of the new Metro train system and only a short train ride away from Burj Khalifa, the world’s tallest building, and The Dubai Mall, one of the world’s largest. Considered the crown jewel in a city known as the “shopping capital of the Middle East,” The Dubai Mall features more than 1,200 stores and a host of world-class attractions.
“Our vision is to provide an outstanding level of luxury at affordable prices that appeal to consumers from around the world. Our initial primary markets include the Middle East, Europe, and Asia,” said Ashraf El Zarqa, chief operating officer for Emirates Grand. “We chose to affiliate with Interval International because of the quality resorts they offer and the great membership benefits they provide our owners. I have been involved in the shared ownership industry for many years and have had the opportunity to work with Interval International for more than a decade. The quality of their exchange network and the consistent high level of the service they provide to both members and to developers made them the obvious choice to be our strategic long term exchange and member benefit partner.”
About Interval International
Interval International operates membership programs for vacationers and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market for more than 33 years. Today, Interval has an exchange network of more than 2,500 resorts in over 75 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and approximately 2 million families who are enrolled in various membership programs. Interval is an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
